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Economy of Algeria vs Romania compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $383B for Romania, ranking 51/197 and 42/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $220B (57.4% of GDP) in Romania.

Algeria vs Romania GDP by year

Algeria
Romania
1x
Year GDP, current $
Algeria Romania
2024 $269,322,281,665 $382,564,217,989
2023 $247,923,887,215 $347,757,995,759
2022 $225,581,644,703 $295,319,437,557
2021 $186,231,205,262 $285,071,280,114
2020 $164,873,415,325 $250,625,048,304
2019 $193,459,662,091 $250,080,428,512
2018 $194,554,483,656 $241,791,427,224
2017 $189,880,896,903 $210,147,385,855
2016 $180,763,839,522 $185,290,759,249
2015 $187,493,855,609 $177,885,131,240
2014 $238,942,664,193 $199,722,319,676
2013 $229,701,430,292 $189,798,603,751
2012 $227,143,746,076 $179,117,323,107
2011 $218,331,946,925 $192,623,977,894
2010 $177,785,053,940 $170,064,350,672
2009 $150,317,292,079 $174,110,532,659
2008 $180,383,848,331 $214,315,932,061
2007 $142,482,739,810 $174,588,782,939
2006 $123,084,258,693 $122,023,735,993
2005 $107,046,618,670 $98,454,380,120
2004 $91,913,680,985 $74,973,656,852
2003 $73,482,264,191 $57,806,384,143
2002 $61,516,103,406 $46,065,502,703
2001 $59,413,400,924 $40,395,116,581
2000 $54,790,398,570 $37,253,739,511
1999 $48,640,671,735 $35,953,156,754
1998 $48,187,781,984 $41,696,091,974
1997 $48,177,612,042 $35,575,214,078
1996 $46,941,554,225 $36,937,074,278
1995 $41,764,291,672 $37,430,162,103
1994 $42,543,176,829 $30,072,805,104
1993 $49,945,584,453 $26,361,160,450
1992 $48,003,133,347 $25,121,666,667
1991 $45,715,676,428 $28,850,634,900
1990 $62,048,507,531 $38,247,882,300
1989 $55,634,721,573 $41,450,777,202
1988 $59,089,396,860 $40,424,528,302
1987 $66,745,818,375 $38,067,567,568
1986 $63,692,007,897 -
1985 $57,937,868,670 -
1984 $53,698,548,293 -
1983 $48,801,369,800 -
1982 $45,207,167,470 -
1981 $44,348,590,461 -
1980 $42,345,829,079 -
1979 $33,243,706,860 -
1978 $26,364,491,313 -
1977 $20,972,113,685 -
1976 $17,728,240,932 -
1975 $15,557,902,754 -
1974 $13,209,871,626 -
1973 $8,707,858,912 -
1972 $6,766,743,957 -
1971 $5,077,183,094 -
1970 $4,863,526,897 -
1969 $4,257,253,264 -
1968 $3,852,147,027 -
1967 $3,370,870,376 -
1966 $3,039,859,187 -
1965 $3,136,284,307 -
1964 $2,909,316,435 -
1963 $2,702,982,018 -
1962 $2,001,444,544 -
1961 $2,434,747,056 -
1960 $2,723,615,451 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/romania | CC BY

GDP per capita in Algeria vs Romania by year

Algeria
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $20,080 $49,077
2023 $5,370 $16,824 $18,244 $45,982
2022 $4,960 $15,836 $15,504 $41,979
2021 $4,161 $14,497 $14,908 $37,534
2020 $3,744 $12,677 $13,009 $34,194
2019 $4,468 $13,893 $12,910 $33,425
2018 $4,577 $13,727 $12,416 $29,383
2017 $4,555 $13,494 $10,728 $26,943
2016 $4,425 $13,438 $9,405 $23,905
2015 $4,685 $13,807 $8,977 $21,625
2014 $6,095 $14,694 $10,032 $20,633
2013 $5,980 $14,371 $9,498 $19,678
2012 $6,034 $14,441 $8,930 $19,808
2011 $5,916 $14,640 $9,561 $18,804
2010 $4,913 $14,201 $8,400 $17,355
2009 $4,235 $13,651 $8,548 $16,641
2008 $5,181 $13,666 $10,435 $16,782
2007 $4,167 $13,321 $8,360 $13,703
2006 $3,661 $12,791 $5,758 $11,554
2005 $3,233 $12,246 $4,618 $9,602
2004 $2,817 $11,432 $3,495 $8,989
2003 $2,284 $10,803 $2,679 $7,559
2002 $1,937 $10,080 $2,120 $7,162
2001 $1,896 $9,544 $1,825 $6,520
2000 $1,773 $9,187 $1,660 $5,850
1999 $1,596 $8,776 $1,600 $5,596
1998 $1,603 $8,503 $1,853 $5,545
1997 $1,629 $8,129 $1,577 $5,564
1996 $1,617 $8,053 $1,633 $5,746
1995 $1,467 $7,747 $1,650 $5,429
1994 $1,526 $7,463 $1,323 $4,995
1993 $1,831 $7,538 $1,158 $4,699
1992 $1,803 $7,705 $1,102 $4,515
1991 $1,759 $7,582 $1,254 $4,795
1990 $2,445 $7,602 $1,648 $5,280
1989 $2,247 - $1,790 -
1988 $2,451 - $1,753 -
1987 $2,847 - $1,659 -
1986 $2,800 - - -
1985 $2,633 - - -
1984 $2,524 - - -
1983 $2,374 - - -
1982 $2,275 - - -
1981 $2,307 - - -
1980 $2,276 - - -
1979 $1,843 - - -
1978 $1,506 - - -
1977 $1,232 - - -
1976 $1,080 - - -
1975 $992 - - -
1974 $873 - - -
1973 $590 - - -
1972 $469 - - -
1971 $360 - - -
1970 $353 - - -
1969 $316 - - -
1968 $292.4 - - -
1967 $261.8 - - -
1966 $241.4 - - -
1965 $253.6 - - -
1964 $238.9 - - -
1963 $225.6 - - -
1962 $169.6 - - -
1961 $209.4 - - -
1960 $238.4 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/romania | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Romania ranks 47th at $49,077.

Economic indicators

Algeria Romania
Gross domestic product
$269B
2024
$383B
2024
GDP rank
51/197
2024
42/197
2024
GDP growth
3.7%
2023-2024
0.92%
2023-2024
GDP per capita
$5,753
2024
$20,080
2024
GDP per capita rank
114/197
2024
58/197
2024
GDP per capita, PPP
$17,621
2024
$49,077
2024
GDP per capita PPP rank
105/197
2024
47/197
2024
Government debt
$129B
2024
$220B
2024
Debt-to-GDP ratio
48.1%
2024
57.4%
2024
Government debt per person
$2,765
2024
$11,533
2024
Government debt per person rank
106/185
2024
48/185
2024
Average annual personal income after taxes
$3,787
2026
$13,912
2026
Market capitalization of domestic companies
$371M
2018
$47.4B
2024
Number of billionaires
1
2025
6
2025
Income share by richest 10%
22.9%
2011
21.8%
2023
Income share by poorest 10%
4%
2011
2.4%
2023
Government expenditure, % of GDP
36.8%
2024
39.9%
2024
Consumer prices inflation
4.05%
2023-2024
5.6%
2023-2024
Central bank interest rate
3%
2020
6.5%
2024
Unemployment rate
12%
2017
5.43%
2024
Population
48222325
18839108

Spending and national debt comparison by year

Algeria
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Algeria Romania
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 39.9% 57.4%
2023 37.4% 47.7% 36.6% 52.1%
2022 32.7% 48.1% 37.4% 51.7%
2021 32.5% 55.1% 37% 51.5%
2020 37.5% 46% 38.1% 49.3%
2019 37.1% 40.9% 33.2% 36.5%
2018 36.2% 34.5% 31.7% 36.2%
2017 36.2% 24% 31% 37.1%
2016 37.2% 18.1% 31.8% 39.5%
2015 40.9% 7.73% 34.2% 39.4%
2014 36.9% 6.85% 33.8% 40.5%
2013 33.5% 6.48% 34.2% 39.3%
2012 40% 8.58% 33.5% 36.2%
2011 37.7% 8.48% 35% 32.6%
2010 35.1% 9.51% 37.4% 30.2%
2009 40.1% 8.92% 36.3% 22.5%
2008 37.3% 7.64% 35.3% 13%
2007 33.1% 12.8% 34.6% 12.4%
2006 27.8% 22.5% 33.9% 12.7%
2005 27.8% 25.4% 32.3% 17.8%
2004 27.1% 32.7% 33.7% 21.3%
2003 27% 38.2% 31.8% 24.9%
2002 32.5% 47.3% 32.1% 27.4%
2001 29.1% 50% 33.2% 27.4%
2000 26.4% 53.4% 35% 29.6%
1999 29.4% 69.7% 35.1% 21.7%
1998 28.7% 79.9% 34.7% 16.5%
1997 28.5% 79.6% 33.5% 15%
1996 26.9% 90.7% 33.5% 11%
1995 28.9% 95.9% 34.4% 6.91%
1994 30.9% 106.3% 33.1% -
1993 32.6% 76.8% 33.5% -
1992 28.2% 69.3% 41.5% -
1991 27.6% 86.1% 38.3% -
1990 23.3% 63.6% 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

GeoRank.org/economy/algeria/romania | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 57.4% in Romania, ranking 113/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Romania
1x
Year Deficit/surplus, % of GDP
Algeria Romania
2024 -13.8% -8.68%
2023 -5.52% -5.61%
2022 -2.96% -5.83%
2021 -6.32% -6.7%
2020 -10.5% -9.54%
2019 -8.51% -4.55%
2018 -6.15% -2.74%
2017 -7.55% -2.86%
2016 -11.8% -2.5%
2015 -13.9% -1.35%
2014 -7.14% -1.76%
2013 -0.79% -2.44%
2012 -4.04% -2.39%
2011 -1.06% -4.14%
2010 -1.35% -6.22%
2009 -6.53% -6.86%
2008 7.79% -4.6%
2007 4.63% -3.05%
2006 12.9% -1.36%
2005 11.4% -0.69%
2004 6.36% -3.39%
2003 7.22% -2.29%
2002 0.21% -2.59%
2001 3.15% -3.2%
2000 8.91% -3.99%
1999 -1.83% -3.58%
1998 -3.52% -5.33%
1997 2.19% -5.19%
1996 2.7% -4.74%
1995 -1.3% -3.32%
1994 -4.05% -2.2%
1993 -7.79% -0.35%
1992 -1.05% -4.55%
1991 1.53% 3.23%
1990 3.35% 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/romania | CC BY

In 2024, Algeria's government deficit, the difference between spending and revenue, was $37.1B, equivalent to 13.8% of GDP. This compares to Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Romania ran a deficit in 33 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 3.55% of GDP for Romania.

Inflation comparison by year

Inflation
Algeria

Romania
1x
Year Consumer prices inflation
Algeria Romania
2024 4.05% 5.6%
2023 9.32% 10.4%
2022 9.27% 13.8%
2021 7.23% 5%
2020 2.42% 2.6%
2019 1.95% 3.8%
2018 4.27% 4.6%
2017 5.59% 1.3%
2016 6.4% -1.6%
2015 4.78% -0.6%
2014 2.92% 1.1%
2013 3.25% 4%
2012 8.89% 3.3%
2011 4.52% 5.8%
2010 3.91% 6.1%
2009 5.74% 5.6%
2008 4.86% 7.8%
2007 3.68% 4.8%
2006 2.31% 6.6%
2005 1.38% 9%
2004 3.96% 11.9%
2003 4.27% 15.4%
2002 1.42% 22.5%
2001 4.23% 34.5%
2000 0.34% 45.7%
1999 2.65% 45.8%
1998 4.95% 59.1%
1997 5.73% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/romania | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 17.5% in Romania. In 2024, inflation was 4.05% in Algeria and 5.6% in Romania.

Top exports between countries

Algeria
Export category Export value
Raw agricultural goods $17K
Textiles & consumer goods $1K
Romania
Export category Export value
Raw agricultural goods $208M
Machinery & equipment $18.9M
Metals $14.1M
Animal & marine products $10.9M
Wood & paper products $9M
Processed food, beverages & tobacco $7.01M
Chemicals & pharma $4.5M
Raw materials & minerals $2.81M
Textiles & consumer goods $1.48M
Miscellaneous $16K

Balance of trade

Algeria Romania
Current account balance
-$2.75B
2024
-$31.2B
2024
Current account balance ranking
154/190
2024
185/190
2024
Current account balance, % of GDP
-1.02%
2024
-8.16%
2024
Goods imports
$45.3B
2024
$129B
2024
Goods exports
$48.8B
2024
$93.3B
2024
Service imports
$9.13B
2024
$30.2B
2024
Service exports
$4.22B
2024
$42.9B
2024
Imports of goods and services, % of GDP
20.3%
2024
41.6%
2024
Exports of goods and services, % of GDP
19.9%
2024
35.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Algeria Romania
Economic freedom 45.8 65.4
Economic freedom ranking 179/197 64/197
Property rights 27.7 81
Government integrity 29.4 50
Judicial effectiveness 30 67
Tax burden 80.3 89.1
Government spending 61.9 56.7
Fiscal health 15.4 21.4
Business freedom 59.3 74.4
Labor freedom 52.2 63.6
Monetary freedom 74.7 72.7
Trade freedom 58.8 79.4
Investment freedom 30 70
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Romania
1x
Year Economic freedom index
Algeria Romania
2026 45.8 65.4
2025 47.5 66.5
2024 43.9 64.4
2023 43.2 64.5
2022 45.8 67.1
2021 49.7 69.5
2020 46.9 69.7
2019 46.2 68.6
2018 44.7 69.4
2017 46.5 69.7
2016 50.1 65.6
2015 48.9 66.6
2014 50.8 65.5
2013 49.6 65.1
2012 51 64.4
2011 52.4 64.7
2010 56.9 64.2
2009 56.6 63.2
2008 56.2 61.7
2007 55.4 61.2
2006 55.7 58.2
2005 53.2 52.1
2004 58.1 50
2003 57.7 50.6
2002 61 48.7
2001 57.3 50
2000 56.8 52.1
1999 57.2 50.1
1998 55.8 54.4
1997 54.9 50.8
1996 54.5 46.2
1995 55.7 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/algeria/romania | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Romania
Services, % of GDP
46.8%
2024
62.6%
2024
Industry, % of GDP
36.2%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
2.81%
2024
GNI, Atlas method
$252B
2024
$335B
2024
GNI per capita, PPP
$17,290
2024
$47,920
2024
Total reserves including gold
$83B
2024
$73.4B
2024
Total reserves ranking
31/177
2024
35/177
2024
Net foreign direct investment
-$1.23B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$1.23B
2024
$7.16B
2024
Net outflows of foreign direct investment
$265K
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
19%
2023
Gross capital formation, % of GDP
41.1%
2024
25%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/algeria/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.